DuPont de Nemours (NYSE:DD) Upgraded to “Buy” at StockNews.com

DuPont de Nemours (NYSE:DD) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Monday.

A number of other research analysts have also issued reports on the stock. Wells Fargo & Company boosted their target price on shares of DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Royal Bank of Canada boosted their price objective on DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Barclays raised their target price on DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. Finally, Morgan Stanley lifted their target price on DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $95.42.

DuPont de Nemours Stock Down 0.9 %

Shares of DuPont de Nemours stock opened at $82.97 on Monday. DuPont de Nemours has a twelve month low of $61.14 and a twelve month high of $90.06. The stock has a market capitalization of $34.68 billion, a price-to-earnings ratio of 43.67, a PEG ratio of 2.01 and a beta of 1.34. The company has a current ratio of 2.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29. The business’s 50 day simple moving average is $84.74 and its 200-day simple moving average is $82.00.

DuPont de Nemours (NYSE:DD) last issued its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.15. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The firm had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same period last year, the company earned $0.92 earnings per share. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. Equities research analysts forecast that DuPont de Nemours will post 3.89 earnings per share for the current year.

Institutional Trading of DuPont de Nemours

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Strategic Investment Solutions Inc. IL acquired a new position in shares of DuPont de Nemours in the 2nd quarter valued at $27,000. Denver PWM LLC acquired a new position in shares of DuPont de Nemours in the second quarter worth about $28,000. Fortitude Family Office LLC increased its position in shares of DuPont de Nemours by 46.6% in the second quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 131 shares in the last quarter. Quarry LP acquired a new stake in shares of DuPont de Nemours during the second quarter valued at approximately $37,000. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of DuPont de Nemours in the 3rd quarter valued at approximately $38,000. 73.96% of the stock is currently owned by institutional investors.

About DuPont de Nemours

DuPont de Nemours, Inc provides technology-based materials and solutions in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through Electronics & Industrial, Water & Protection, and Corporate & Other segments. The Electronics & Industrial segment supplies materials and solutions for the fabrication of semiconductors and integrated circuits.